New Issue: Barclays prices $7.5 million buffered return enhanced notes on S&P 500 via JPMorgan

By Marisa Wong

Milwaukee, Jan. 12 - Barclays Bank plc priced $7.5 million of 0% buffered return enhanced notes due Jan. 20, 2011 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, up to a maximum return of 14%.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.

JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc. are the agents.

Issuer:	Barclays Bank plc
Issue:	Buffered return enhanced notes
Underlying index:	S&P 500
Amount:	$7.5 million
Maturity:	Jan. 20, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at 14%; par if index falls by 10% or less; 1.1111% loss for every 1% decline beyond 10%
Initial index level:	1,144.98
Pricing date:	Jan. 8
Settlement date:	Jan. 13
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
Fees:	0%
Cusip:	06740JQL7

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